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Latest Jim Whitehurst Stories

2008-08-18 12:00:16

Software supplier Red Hat is racking up growth figures that much of techdom might envy. Sales rose 32%, to $157 million, in the quarter ended May 31, and profits climbed a respectable 7%. So why is Wall Street so bearish on the stock? A day after Red Hat (RHT) reported results, Oppenheimer & Co. (OPY) downgraded the shares, citing few opportunities for growth. Three other investment banks had lowered their Red Hat ratings in the previous nine months, and the company's shares, which on...


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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